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Last $52.29 USD
Change Today -0.34 / -0.65%
Volume 7.1M
AXP On Other Exchanges
New York
Sao Paulo
As of 8:04 PM 02/10/16 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

200 Vesey Street

New York, NY 10285

United States

Phone: 212-640-2000

Fax: 212-640-0404

American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. Segments The company operates through four segments: Global Network & Merchant Services, U.S. Card Services, International Card Services, and Global Commercial Services. Global Network & Merchant Services segment This segment operates a global payments network that processes and settles proprietary and non-proprietary card transactions. This segment acquires merchants and leverages the company’s closed-loop network to offer multi-channel marketing programs and capabilities, services, and reporting and analytical data to its merchants worldwide. It enters into agreements with third-party card issuers and acquirers to license the American Express brand and extend the reach of the global network. The majority of Cards (cards issued by the company, as well as cards issued by third-party banks and other institutions that are accepted by merchants on the American Express network) bearing the company’s logo are issued by its principal operating subsidiary, American Express Travel Related Services Company, Inc. (TRS); by the company’s U.S. banking subsidiaries, such as American Express Centurion Bank (Centurion Bank) and American Express Bank, FSB (AEBFSB); and by other operating and banking subsidiaries outside the United States. In addition, the company’s Global Network Services (GNS) business establishes and maintains relationships with banks and other institutions worldwide that issue Cards, and in certain countries, acquire local merchants on the American Express network. GNS is a major part of the company’s strategy of expanding the Card Member and merchant base for its network worldwide. Cards bearing the company’s logo are accepted at various merchant locations worldwide that accept American Express-branded Cards, and depending on the product, are accepted at ATM locations worldwide that accept Cards. The company’s Global Merchant Services (GMS) business provides the company with access to transaction and merchant data through its closed-loop network, which includes relationships with Card Members, merchants and merchant acquirers and processors. In addition, it allows the company to analyze trends and spending patterns among various segments of its customer base. GNS The company continues to pursue a strategy, through its GNS business, of inviting the U.S. and foreign banks and other institutions to issue Cards, and in some countries, act as merchant acquirers on the American Express network. The GNS business has established 159 Card-issuing and/or merchant-acquiring arrangements with banks and other institutions in 136 countries. In 2014, GNS signed five new partners to issue Cards and/or acquire merchants on the American Express network, including a new card-issuing partnership with BBVA in the United States, new card-issuing and merchant acquiring partnerships with Banco Santander in Mexico and Dashen Bank in Ethiopia, among others. GNS also supported existing partners in launching approximately 80 new products during 2014, with the total number of American Express-branded GNS partner products standing at approximately 1,300. New products launched in 2014 include the U.S. Bank FlexPerks Select+ American Express Card and the Wells Fargo Propel World American Express Card in the United States; the Barclaycard Cashback American Express Card in the United Kingdom; the Santander American Express Card in Mexico; the China Minsheng Banking Corp American Express Multi Currency Platinum Credit Card in China; and the Equity Bank American Express Gold Card in Kenya. GNS focuses on partnering with select third-party banks and other institutions to issue Cards accepted on the company’s global network and/or acquire merchants on its network. GMS The company’s GMS business builds and maintains relationships with merchants and merchant acquirers and processors; processes Card transactions; and settles with merchants that choose to accept Cards for Card purchases. The company signs merchants to accept Cards and provides ma


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